secwatch.observer — SEC 8-K summary
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Issuer:     Permian Resources Corp (PR)
CIK:        0001658566
Form:       8-K
Filed at:   2023-09-06T23:59:59+00:00
Accession:  0001193125-23-229125
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Permian Resources intends $500M senior notes offering due 2032; proceeds for debt repayment and Earthstone merger
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- Offering $500M in senior unsecured notes due 2032 in private placement under Rule 144A/Regulation S.
- Net proceeds to repay credit facility borrowings and amounts assumed in Earthstone Merger.
- As of Aug 31, 2023: $90.3M cash, $445M outstanding under $1B credit facility.
- Updated acreage: 181K net leasehold acres as of June 30, 2023; 404K pro forma for Earthstone Transactions.
- Acreage 95% operated, 97% held by production; 73% in Texas and 27% in New Mexico after Earthstone.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1658566/000119312523229125/0001193125-23-229125-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1658566/000119312523229125/d847472d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-229125

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